What we can expect after Jan 1, 2011 ?

[jiminnm]

C'mon, oladub. You know that if close your eyes, put your fingers in your ears and repeat na-na-na-na-na, you won't be able to see or hear any bad things - like substantial tax increases for everyone.

[ghettopalmetto]

C'mon, oladub. You know that if close your eyes, put your fingers in your ears and repeat na-na-na-na-na, you won't be able to see or hear any bad things - like substantial tax increases for everyone.

Is that a pledge that you'll stop your propaganda campaigns when your "substantial" tax increase doesn't materialize?

It must suck waking up every day being scared of everything. How do you ever accomplish anything?

[jiminnm]

Is that a pledge that you'll stop your propaganda campaigns when your "substantial" tax increase doesn't materialize?

It must suck waking up every day being scared of everything. How do you ever accomplish anything?

Where did these asinine comments come from? Propaganda? sstashmoo posts exactly the facts of the current tax law, and gets derided because some weren't happy with the source. Why is it the left attacks the messenger every time it cannot counter the substance of the argument? I will never stop my commenting on tax law until we have a system where everyone pays the same share of their income, or their estate, in tax. Anything else is blatantly unfair.

Scared? What exactly have I expressed a fear of? There is very little in life that scares me. I learned long ago not to worry about things I cannot affect and how to deal with things that do affect me. But, yet again, you attack me and not my message. If the nature of your derogatory comments in this and many other posts is an indication of how you perceive life and relate to others, then I expect that I've accomplished far more in life than you. I say that without even knowing who you are or what you've done, or even what you might consider accomplishment.

[Stosh]

Quote: "Look, he even admitted he didn't validate it, so he wants others to do the work he doesn't want to. If you want to do it for him go ahead. I'm out."

ughh, it's not easy being Sstashmoo..

So why don't you quit then? Lazy and ignorant is no way to go through life, little buddy.

Being a piss-ant sexist pig now? Another unsavory facet of your personality uncovered.

I'm beginning to think that you are Mel Gibson, although the Catholic thing kind of ruins it.

[ghettopalmetto]

I will never stop my commenting on tax law until we have a system where everyone pays the same share of their income, or their estate, in tax. Anything else is blatantly unfair.

Sure. And between you and Bill Gates, your average net worth is billions of dollars. There's nothing "fair" about taxing everyone at the same percentage. People who make 100 times what you do don't eat 100 times as much.

There's nothing wrong with the "facts" that Sstashmoo posted [[still waiting for him to verify the claims are, in fact, correct). It's the enormous pity party for the wealthiest 1%--who continue to fleece, fuck, and screw every last one of us working stiffs--that bugs that shit out of me.

[Pam]

Being a piss-ant sexist pig now? Another unsavory facet of your personality uncovered

Now? That was uncovered quite a while back.

[ejames01]

Sstashmoo might be in that 1% one day!

Sure. And between you and Bill Gates, your average net worth is billions of dollars.

There's nothing wrong with the "facts" that Sstashmoo posted [[still waiting for him to verify the claims are, in fact, correct). It's the enormous pity party for the wealthiest 1%--who continue to fleece, fuck, and screw every last one of us working stiffs--that bugs that shit out of me.

[Sstashmoo]

Quote: "Sstashmoo might be in that 1% one day!"

Not sure why you said that. But I doubt I'll ever be in that 1%.

Update: As a matter of fact, why did you say that?

Quote: "There's nothing wrong with the "facts" that Sstashmoo posted [[still waiting for him to verify the claims are, in fact, correct)."

Can you read? I said this has been floating around and I presented it for discussion. I made no warranty to it's validity, nor am I obligated to do so.

[Sstashmoo]

ejames, I asked you a question...

You said it, what the fuck did you mean?

[gibran]

Here is a twist....on the results of a Tea party victory...from HAaretz's perspective...

http://www.haaretz.com/blogs/a-speci...-time-1.298977

[Stosh]

ejames, I asked you a question...

You said it, what the fuck did you mean?

I presented it for discussion. I made no warranty to it's validity, nor am I obligated to do so.

Gander, meet goose.

[Stosh]

Author of the piece [[or owner of the site) is Grover Norquist, nutjob supreme. See what OTHER conservatives say about him:
http://atlasshrugs2000.typepad.com/a...uist-hiss.html

[Jimaz]

Grover Norquist is a treasonous son of a bitch who should be brought to trial with the rest of his supporters. They seek to commit maximum damage to The Government of The United States. If you want to pin someone as someone who is antiAmerican, he's your guy, plain and simple.

I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.

That's treason.

[East Detroit]

More important than this biased email and emails about losing your kidneys and waking up in the bathtub full of ice is the intriguing understory of Pam and Sstashmoo. Oh, do tell!

[firstandten]

Grover Norquist is a treasonous son of a bitch who should be brought to trial with the rest of his supporters. They seek to commit maximum damage to The Government of The United States. If you want to pin someone as someone who is antiAmerican, he's your guy, plain and simple.That's treason.

Oh, yes, Grover of Starve the Beast fame You can give him some of the credit for us being in the economic situation we are in presently.

"A well-known proponent of the strategy is activist Grover Norquist who famously said “My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub.”

"Starving the beast" is a fiscal-political strategy of some American conservatives[1][2][3] to use budget deficits via tax cuts to force future reductions in the size of government. The term "beast" refers to government and the programs it funds, particularly social programs such as welfare, Social Security, and Medicare."

The great thing about this strategy is that it puts Dems in a no-win situation when they are in control.

If they raise taxes to deal with the deficit thats a big no-no

If they let the tax cuts the Repubs put in place expire the Repubs spin it like its a tax increase

If they spend like in a stimulus package the Repubs cry about increasing the deficit then they create a bogus grass-roots movement called the Taxed Enough Already party and they go around and cry about they want their country back

Those Repubs sure keep you on your toes


http://en.wikipedia.org/wiki/Starve-the-beast

[oladub]

Grover Norquist is a treasonous son of a bitch who should be brought to trial with the rest of his supporters. They seek to commit maximum damage to The Government of The United States. If you want to pin someone as someone who is antiAmerican, he's your guy, plain and simple.That's treason.

The Constitution defines treason. "Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort." I guess you are just sort of saying that Grover Norquist is wrong about any sort of new taxes because President Obama promised us that there will be none.

firstandten, Your definition of "Starving the beast" must be to liberal paranoia what the " Cloward-Piven Strategy" is to conservative paranoia. Maybe both are true and all the paranoids will be vindicated. Me? I'm just happy because President Obama said,

"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes." - Barack Obama

Even Grover Norquist could support President Obama's promise. Time for a chorus celebrating harmony;


Harmony and understanding
Sympathy and trust abounding
No more forces of derision
Golden living dreams of visions
Mystic crystal revelations
And the mind's true liberation

[checkraisej]

ejames, I asked you a question...

You said it, what the fuck did you mean?

Uh-oh, Ejames. You better answer him or else he's going to...wait never mind.

[firstandten]

The Constitution defines treason. "Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort." I guess you are just sort of saying that Grover Norquist is wrong about any sort of new taxes because President Obama promised us that there will be none.

firstandten, Your definition of "Starving the beast" must be to liberal paranoia what the " Cloward-Piven Strategy" is to conservative paranoia. Maybe both are true and all the paranoids will be vindicated. Me? I'm just happy because President Obama said,

"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes." - Barack Obama

Even Grover Norquist could support President Obama's promise. Time for a chorus celebrating harmony;


Harmony and understanding
Sympathy and trust abounding
No more forces of derision
Golden living dreams of visions
Mystic crystal revelations
And the mind's true liberation

Well I don't know about the Cloward-Piven strategy actually working but we know that Starve the Beast did work and worked rather well.


Yes, lets all of us Dem, Repub, Independent and Libertarian sit by the campfire and sing Kumbaya, no tax increase.

Darn, I forgot how is Obama going to close up that nice deficit that was left him ?

[Patrick]

This has been floating around the last few days, I have not validated any of it. What say you?

""In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

First Wave: Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent [[this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The “marriage penalty” [[narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.

The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

Second Wave: Obamacare

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:

The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account [[HSA), flexible spending account [[FSA), or health reimbursement [[HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines [[except insulin).

The “Special Needs Kids Tax” This provision of Obamacare imposes a cap on flexible spending accounts [[FSAs) of $2500 [[Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. [[National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Third Wave: The Alternative Minimum Tax and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense [[rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.

http://www.atr.org/six-months-untilb...x-hikes-a5171#

Hey man, we got wars to pay for!

[Whitehouse]

a Sunrise?

[Pam]

More important than this biased email and emails about losing your kidneys and waking up in the bathtub full of ice is the intriguing understory of Pam and Sstashmoo. Oh, do tell!

Huh? Never met the guy. I'm just another of his many non-fans at D-yes.

[oladub]

Darn, I forgot how is Obama going to close up that nice deficit that was left him ?

Those were some pretty nasty deficits that Bush left us.

Bush Deficit vs Obama Deficit

President Obama, having ruled out any tax increases for those of us making less than $250,000 will just have to cut spending. There are few other choices as he has ruled out significant tax increases.

[Meddle]

What we can expect after Jan 1, 2011 ?


Jan 2, 2011

[ejames01]

He would not understand anyway.

Uh-oh, Ejames. You better answer him or else he's going to...wait never mind.

[GOAT]

Stop yer bitchin. You people pay some of the lowest taxes in the industrialzed world.